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It's much easier to transfer bitcoin than it is to transfer gold, so not only does it share #1, it has additional attributes than what you listed. It already i
by therobots927 3y ago
It's much easier to transfer bitcoin than it is to transfer gold, so not only does it share #1, it has additional attributes than what you listed.
It already is a useful way to exchange value, people do it all the time.
- koonsolo 3y agoYou can literally store it in your mind. A lot of people buy gold for when "Shit hits the fan". But in the end, it's better to flee a horrible place (think Russia or Hong Kong) with a bottle of water and $1M worth of bitcoin stored in your head.
- Our_Benefactors 3y ago> You can literally store it in your mind People love to say this, but frankly it is so unrealistic as to border on untrue. It’s a lot to remember. And you can’t transact with “your head” alone, you still need to interface with a computer of sorts; in the event you’re fleeing it’s probably not so easy to purchase a hardware wallet or download the TB-scale blockchain.
- koonsolo 3y ago> but frankly it is so unrealistic as to border on untrue. It’s a lot to remember. 12 words is enough. For example: witch collapse practice feed shame open despair creek road again ice least. If you can make a story that incorporates those words, it's even easier to remember. > you still need to interface with a computer of sorts You flee a nasty place towards a nice place. Nice places have computers and internet.
- deleted 3y ago[deleted]
- bemusedthrow75 3y agoIs this really the case? Don't most people who invest in gold use ETCs/ETFs, certificates etc.? I don't think gold trading is significantly far off instantaneous, at this point, and it's probably easier to cash out.